Newly released data from Fact.MR estimates the global personal protective equipment exceeded US$ 51.13 Bn in 2020. Demand from end user industries such as pharmaceuticals, oil & gas and manufacturing has boosted the sales of personal protective equipment.
In addition, the coronavirus pandemic has played a major role in spurring the demand for personal protective equipment. Thus, the personal protective equipment market is expected to surpass US$ 99.09 Bn by registering a positive CAGR of 6.2% by the end of the assessment period.
Key Points Covered in Personal Protective Equipment Industry Analysis
- Market estimates and forecast 2016-2031
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Personal Protective Equipment Market and How to Navigate
- Recommendation on Key Winning Strategies
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Personal Protective Equipment Revenue Analysis 2016-2020 Vs Future Outlook 2021-2031
Historically, between 2016 and 2020, the personal protective equipment exceeded a market value of US$ 51.13 Bn by the end of the aforementioned period, growing from at a CAGR of 4.8%. The industry analysis shows personal protective equipment market is set to touch US$ 54.3 Bn in 2021.
The onset of novel coronavirus increased the demand for personal protective equipment. Thus, manufacturers have modified and redesigned the equipment according to the needs of various end user industries. This, in turn, has increased the sales of personal protective equipment.
Due to the factors mentioned above, the personal protective equipment is expected to surpass a market revenue of US$ 99.09 Bn by reaching a healthy CAGR of 6.2% in the forecast period.
What is Spurring the Demand for Personal Protective Equipment?
Rapid urbanization is spurring infrastructure development in a big way. This coupled with resurgent oil & gas sector will drive the personal protective equipment industry, with the International Energy Agency forecasting a demand increase to 104 million barrels per day (mb/d) by 2026, up 4% from 2019.
In addition, innovations in protective gear to combat skin, face, and respiratory injuries while working in hazardous industrial environments will differentiate product offerings and help manufacturers gain a competitive edge during the forecast period (2021-2031).
Organizations are conducting predictive safety analysis to devise pre-emptive measures that eliminate all possible risk factors. Manufacturers of personal protective gear are identifying alternative raw materials and cost-efficient production techniques. The market shows signs of increasing fragmentation owing to a large number of small and medium enterprises capturing considerable market share.
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How has COVID-19 Impacted the Sales of Personal Protective Equipment?
As the COVID-19 pandemic unravelled, demand for personal protective equipment skyrocketed, leading to massive supply constraints as competition between countries intensified. To offset this, the United Nations Children’s Fund (UNICEF) led a joint tender on behalf of 13 U.N agencies to formulate long-term supply contracts for PPE.
These agreements not only assisted in improving affordability and access, but also offset risks of stock crunches for future health crises. Since the pandemic began, UNICEF has shipped over 653.4 million PPE items to 140 countries. The general public and people from all sectors opted for using face masks, hand gloves, and PPE kits. The healthcare industry made it a compulsion to wear PPE kits to doctors and nurses.
Why is North America Poised to be Lucrative Region for Personal Protective Equipment?
North America is set to lead global sales with over 29% of the total market share. Developed countries like U.S and Canada are at the forefront of labour protection practices.
Hence, personal protective equipment manufacturers are realizing the incremental growth opportunities in North American countries. Furthermore, surging shale gas and oil reserve exploration is central to product demand from this region.
Why is Asia Attracting Manufacturers of Personal Protective Equipment?
Asia (East Asia and South Asia) offers the most lucrative growth opportunities with impressive growth rates of 6% (East Asia) and 7% (South Asia) during the forecast period.
Developing economies in this region are heavily invested in infrastructure development. Coupled with increasingly stringent labour safety laws, personal protective equipment manufacturers can garner significant revenues through 2031.
Adoption of modern personal safety standards on the back of ambitious economic development initiatives will propel demand for personal protective equipment. In addition, the COVID rate of countries such as India and China has increased the demand for personal protective equipment. Thus, the personal protective equipment industry is expected to register a CAGR of nearly 8.5% in the assessment period.
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Why is Hand & Arm Protection Equipment Gaining Popularity?
Hand & arm protection leads the product type segmentation with over 1/4th of the total market value. This can be attributed to rampant construction and mining projects around the world. It is crucial for construction workers and miners to protect their hands and arms from possible health hazards.
Personal protective equipment manufacturers are making great strides in glove materials and enhanced grips and hence this segment is set to lead during the forecast period. Thus, according to Fact.MR, the hand and arm protection equipment is expected to register at a steady CAGR across the forecast period.
How is the Pharmaceutical Industry Generating PPE Demand?
According to Fact.MR, pharmaceuticals are expected to generate the highest revenue, accounting for nearly 30% of the market. Leading manufacturers such as 3M, are actively manufacturing PPE for the pharmaceutical industry.
As hospitals are the epicentre for several infections, patients and staff alike require various types of protective equipment, ranging from clothing to respiratory equipment.
Advancements in material science and development of agile protective gear are differentiating strategies adopted by the major market players. Labour safety initiatives in partnership with unions and non-profit organizations are a few of the remunerative strategies.
- In June 2017, 3M Company’s personal safety division expanded their partnership to begin production of the full line of 3MTM PELTORTM earmuffs for the military, law enforcement and commercial segments, in collaboration with Access: Support for Living
- In May 2021, Kimberly-Clark Corporation donated 1 million face masks and cleaning products to public schools in Roswell, United States.
Sensing the opportunities, personal protective equipment manufacturers are relying on new product development and strategic mergers. As per Fact.MR analysis, top players account for nearly 33% share.
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Market size value in 2020
|US$ 54.3 Bn|
Market forecast value in 2031
|US$ 99.09 Bn|
|CAGR of 6.20% from 2021 to 2031|
Historical Data Available for
|US$ Mn for Value & ‘000 Units for Volume|
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Available upon Request
Key Segments Covered
- Head Protection Personal Protective Equipment
- Class A Helmet
- Class B Helmet
- Class C Helmet
- Hands & Arm Protection Personal Protective Equipment
- Aramid Fiber
- Coated Fabric
- Metal Mesh
- Rubber Insulating
- Foot & Leg Protection Personal Protective Equipment
- Foot and Shin Guards Combination
- Foundry Shoes
- Metatarsal Guards
- Safety Shoes
- Special Purpose Shoes
- Toe Guards
- Eye & Face Protection Personal Protective Equipment
- Eye Spectacles
- Face Shields
- Laser Safety Goggles
- Welding Shields
- Hearing Protection Personal Protective Equipment
- Pre Formed Earplugs
- Single Use Earplugs
- Body Protection Personal Protective Equipment
- Full Body Suits
- Laboratory Coats
- Surgical Gowns
- Vests and Jackets
- Head Protection Personal Protective Equipment
End Use Industry
- Personal Protective Equipment for Construction
- Personal Protective Equipment for Manufacturing
- Personal Protective Equipment for Oil & Gas
- Personal Protective Equipment for Chemicals
- Personal Protective Equipment for Food
- Personal Protective Equipment for Pharmaceuticals
- Personal Protective Equipment for Transportation
- Personal Protective Equipment for Maritime
- Personal Protective Equipment for Fire and Rescue
- Personal Protective Equipment for Defense
- Personal Protective Equipment for Mining
- Personal Protective Equipment for Agriculture
Personal Protective Equipment Market- Scope of Report
A recent study by Fact.MR on the personal protective equipment market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering personal protective equipment.
The study also provides the dynamics responsible for influencing the future status of the personal protective equipment market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies operating in the personal protective equipment market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of personal protective equipment across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of personal protective equipment during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative personal protective equipment markets?
- Which factors will impact the growth of personal protective equipment?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the personal protective equipment industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Estimates at global and regional levels for personal protective equipment are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.
Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global personal protective equipment market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the personal protective equipment market during the forecast period.
Country-specific valuation on demand for personal protective equipment has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
In-depth Analysis on Competition Analysis
The report sheds light on leading manufacturers of personal protective equipment, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering personal protective equipment has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the personal protective equipment domain.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the personal protective equipment industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
- FAQs -
As of 2020, the market for personal protective equipment reached nearly US$ 51.13 Bn
From 2016 to 2020, personal protective equipment sales grew at a CAGR of 4.8%
The personal protective equipment is expected to surpass a CAGR of 6.2% from 2021-2031.
The personal protective equipment market is expected to reach nearly US$ 99.09 Bn by 2031
Demand from end user industries and safety measures taken to prevent coronavirus are the key trends driving personal protective equipment.
North America is expected to contribute 29% of global personal protective equipment revenue
Prominent PPE manufacturers will likely account for 33% revenue share
East & South Asia are expected to expand at 6% & 7% CAGRs respectively
Hand & arm PPE is expected to hold the highest share, possessing 1/4th of total demand
The pharmaceutical industry is expected to generate the highest PPE demand, accounting for 30% of the market share
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.